2020 PROXY STATEMENT and Notice of Annual Meeting of Shareholders Wednesday, April 29, 2020 at 11:00 a.m. 40 Westminster Street Providence, Rhode Island Textron’s Global Network of Businesses Corporate Information TEXTRON AVIATION ® ® ® Textron Aviation is home to the Beechcraft , Cessna and Hawker aircraft brands and continues to Corporate Headquarters Investor Relations be a leader in general aviation through two principal lines of business: aircraft and aftermarket. Aircraft includes sales of business jet, turboprop and piston aircraft, as well as special mission and military Textron Inc. Textron Inc. aircraft. Aftermarket includes commercial parts sales, maintenance, inspection and repair services. 40 Westminster Street Investor Relations Providence, RI 02903 40 Westminster Street (401) 421-2800 Providence, RI 02903 BELL www.textron.com Bell is a leading supplier of helicopters and related spare parts and services. Bell is the pioneer of the Investor Relations phone line: revolutionary tiltrotor aircraft. Globally recognized for world-class customer service, innovation and (401) 457-2288 superior quality, Bell’s global workforce serves customers flying Bell aircraft in more than 130 countries. Annual Meeting Textron’s annual meeting of shareholders will be News media phone line: held on Wednesday, April 29, 2020, at 11 a.m. (401) 457-2362 INDUSTRIAL at Textron Inc., 40 Westminster Street, 18th Floor, For more information, visit our website at Our Industrial segment offers two main product lines: fuel systems and functional components Providence, RI 02903. www.textron.com. produced by Kautex; and specialized vehicles such as golf cars, recreational and utility vehicles, aviation ground support equipment and professional mowers, manufactured by Textron Specialized Transfer Agent, Registrar and Company Publications and Vehicles businesses. Dividend Paying Agent General Information For shareholder services such as change of address, To receive a copy of Textron’s Forms 10-K and TEXTRON SYSTEMS lost certificates or dividend checks, change in 10-Q, Proxy Statement or Annual Report without Textron Systems’ businesses provide innovative solutions to the defense, aerospace and general registered ownership or the Dividend Reinvestment charge, visit our website at www.textron.com or send aviation markets. Product lines include unmanned systems, advanced marine craft, armored vehicles, intelligent software solutions, piston engines, simulation, training and other defense and Plan, write or call: a written request to Textron Investor Relations at the aviation mission support products and services. address listed above. For the most recent company American Stock Transfer & Trust news and earnings press releases, visit our website Company, LLC at www.textron.com. FINANCE Operations Center Our Finance segment, operated by Textron Financial Corporation (TFC), is a commercial finance 6201 15th Avenue Textron is an Equal Opportunity Employer. business that provides financing solutions for purchasers of Textron products, primarily Textron Aviation aircraft and Bell helicopters. For more than five decades, TFC has played a key role for Brooklyn, NY 11219 Textron customers around the globe. phone: (866) 621-2790 Textron Board of Directors email: [email protected] To contact the Textron Board of Directors or to report concerns or complaints about accounting, Stock Exchange Information internal accounting controls or auditing matters, (Symbol: TXT) you may write to Board of Directors, Textron Inc., Textron common stock is listed on the New York 40 Westminster Street, Providence, RI 02903; Stock Exchange. call (866) 698-6655 or (401) 457-2269; or send an email to [email protected]. NOTICE OF ANNUAL MEETING To the Shareholders of Textron Inc.: Textron’s Global Network of Businesses The 2020 annualCorporate meeting of shareholders Information of Textron Inc. will be held on Wednesday, April 29, 2020 at 11:00 a.m. at the Company’s principal executive office located at 40 Westminster Street, Providence, Rhode Island for the following purposes: TEXTRON AVIATION ® ® ® Textron Aviation is home to the Beechcraft , Cessna and Hawker aircraft brands and continues to ToCorporate elect the tenHeadquarters director nominees named in the proxy statementInvestor to hold Relations be a leader in general aviation through two principal lines of business: aircraft and aftermarket. Aircraft 1 office until the next annual shareholders’ meeting; Wednesday, April 29, 2020 includes sales of business jet, turboprop and piston aircraft, as well as special mission and military Textron Inc. Textron Inc. aircraft. Aftermarket includes commercial parts sales, maintenance, inspection and repair services. 40 Westminster Street Investor Relations Providence, RI 02903 40 Westminster Street 11:00 a.m. Eastern Daylight Time 2 To approve Textron’s executive compensation on an advisory basis; (401) 421-2800 Providence, RI 02903 BELL Textron Inc. www.textron.com Bell is a leading supplier of helicopters and related spare parts and services. Bell is the pioneer of the Investor Relations phone40 line:Westminster Street To ratify the appointment by the Audit Committee of Ernst & Young LLP Providence, Rhode Island 02903 revolutionary tiltrotor aircraft. Globally recognized for world-class customer service, innovation and 3 (401) 457-2288 superior quality, Bell’s global workforce serves customers flying Bell aircraft in more than 130 countries. asAnnual Textron’s Meeting independent registered public accounting firm for 2020; and Textron’s annual meeting of shareholders will be News media phone line: (401) 457-2362 4 Toheld transact on Wednesday, any other business April 29, as 2020,may properly at 11 a.m. come before the meeting or any INDUSTRIAL adjournmentat Textron orInc., postponement 40 Westminster of the Street, meeting. 18th Floor, For more information, visit our website at Our Industrial segment offers two main product lines: fuel systems and functional components Providence, RI 02903. www.textron.com. You are entitled to vote all shares of common stock registered in your name at the close of business on March 2, 2020. If your shares are held produced by Kautex; and specialized vehicles such as golf cars, recreational and utility vehicles, in the name of your broker or bank and you wish to attend the meeting in person and vote your shares, your broker or bank must issue to you a aviation ground support equipment and professional mowers, manufactured by Textron Specialized Transfer Agent, Registrar and Company Publications and Vehicles businesses. proxy covering your shares. Dividend Paying Agent General Information As permitted by the rules of the Securities and Exchange Commission, we are making our proxy materials available to shareholders primarily via the Internet,For rather shareholder than mailing services printed such copies as of changethese materials of address, to shareholders. To receive On March a copy 6, 2020, of Textron’swe mailed toForms many 10-Kof our andshareholders TEXTRON SYSTEMS a Notice of Internetlost certificates Availability ofor Proxy dividend Materials checks, (the “Notice”) change containing in instructions10-Q, on Proxy how to Statement access and or review Annual our proxyReport materials, without Textron Systems’ businesses provide innovative solutions to the defense, aerospace and general including our Proxy Statement and the Annual Report to Shareholders, and vote online. This process is designed to expedite shareholders’ registered ownership or the Dividend Reinvestment charge, visit our website at www.textron.com or send aviation markets. Product lines include unmanned systems, advanced marine craft, armored receipt of proxy materials, lower the cost of the annual meeting, and help conserve natural resources. If you received a Notice by mail, you will vehicles, intelligent software solutions, piston engines, simulation, training and other defense and not receive aPlan, printed write copy or of call:the proxy materials unless you request one. If you woulda written prefer request to receive to printedTextron proxy Investor materials, Relations please follow at the the aviation mission support products and services. instructions included in the Notice. Shareholders who requested paper copies of addressthe proxy materialslisted above. or previously For the elected most torecent receive company our proxy materials electronicallyAmerican did Stock not receive Transfer the &Notice Trust and will receive the proxy materials in the format requested. news and earnings press releases, visit our website Company, LLC Whether or not you plan to attend the meeting, we urge you to cast your voteat aswww.textron.com. soon as possible so that your shares may be FINANCE representedOperations at the meeting. Center You may vote your shares via the Internet or by telephone by following the instructions included on Our Finance segment, operated by Textron Financial Corporation (TFC), is a commercial finance the Notice. Alternatively, if you received paper copies of the proxy materials by mail, you can also vote by mail by following the 6201 15th Avenue Textron is an Equal Opportunity Employer. business that provides financing solutions for purchasers of Textron products, primarily Textron instructions on the proxy card. Aviation aircraft and Bell helicopters. For more than five decades, TFC has played a key role for Brooklyn, NY 11219 Textron customers around the globe. A list of shareholdersphone: (866)entitled 621-2790 to vote at the 2020 annual meeting